Board of Governors of the Federal Reserve System

Data Dictionary

Item Number 0110

Call confidentiality applies to FFIEC 031/041.

Data Description:

For the weekly reporters, includes the excess or deficiency in the reserve balances held by the reporter in accounts that contain the reserves of weekly reporters during the 14-day maintenance period ending 2 days following the as of date of this report, as required by: (1) the required reserves of both the quarterly and weekly reporters required to maintain a reserve balance in this account; and (2) the clearing balance requirement for this account reported with the as-of date of this report. The excess or deficiency to be carried forward must be less than or equal to the greater of: (a) "p" percent of the combined reserve requirements of all institutions that are required to maintain balances in the account during the 14-day maintenance period plus "q" percent of the established clearing balance requirement of the account, minus the clearing balance band (if applicable), or (b) $25,000 minus the clearing balance band (if applicable). The percentage "p" is equal to two percent for quarterly reporters. For weekly reporters, the percentage "p" is equal to three percent for the first six months following implementation of contemporaneous reserves requirement (CRR), two and a half percent for the second six months, and two percent thereafter. The percentage "q" is equal to three percent for the first six months following implementation of CRR, two and a half percent for the second six months, and two percent thereafter. The amount of carryover may not be carried forward for more than one period. If the reporter is an institution maintaining more than one account (e.g., its own reserve account, clearing account, correspondent's pass-through account), carryover is computed on each account and then summed appropriately. If the reporter is an institution maintaining a separate pass-through account only for quarterly reporters, reserve carryover on that account is computed separately and reported in "Reserve Carryover for Pass-through Accounts (That May Only Contain the Reserves of Quarterly Reporters) (0111)" on both the 7-day and 14-day data flows. Also includes the summation of reserve carryover as defined above for all reporters in each respective entity category. For the quarterly reporters, includes the summation of reserve carryover for all reporters in each respective entity category that maintains a reserve account that contains the reserves of only quarterly reporters. Reserve carryover is the excess or deficiency in the reporters' reserve balances during the 7-day maintenance period ending on the Wednesday as-of date of this report, as required by: (1) the required reserves of only those quarterly reporters required to maintain a reserve balance in this account; and (2) the clearing balance requirement for this account reported with the Wednesday as-of date of this report. The excess or deficiency to be carried forward must be less than or equal to the greater of: (a) "p" percent of the combined reserve requirements of all institutions that are required to maintain balances in the account during the 7-day maintenance period plus "q" percent of the established clearing balance requirement of the account, minus the clearing balance band (if applicable), or (b) $25,000 minus the clearing balance band (if applicable). The percentage "p" is equal to two percent. Also the percentage "q" is equal to two percent. The amount of carryover may not be carried forward for more than one period. If the reporter is an institution maintaining more than one account (e.g., it's own reserve account, clearing account, pass-through account for quarterly reporters), carryover is computed separately for each account and then summed appropriately. If the reporter is an institution maintaining a pass-through account that contains either the reserves of both weekly and quarterly reporters or the reserves of only weekly reporters, carryover on that account is computed separately and reported in "Reserve Carryover for Pass-Through Accounts That Are Contracted to Contain the Reserves of Weekly Reporters (0111)". (For more information on the computation of carryover, see the CRR Carryover Package and the Reserves Manual.)